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News Corp. to Determine Fate of Myspace in Two Weeks

Jonathan Miller, head of News Corp.’s Digital Media Group, said that the fate of Myspace will be known very soon. He told Bloomberg, “In two weeks we’ll know something.” That “something” probably isn’t going to anything positive, as the site has been hemorrhaging money for quite some time now.

Yes, those are some pretty dark clouds looming around your Myspace profile. Your page might have a fantastic picture of Vin Diesel in the background, and we bet it automatically plays a great selection of Enrique Iglesias songs, but sadly, its time is probably coming to an end.